WDEP.L vs. CMU.L
WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) and CMU.L (Amundi ETF MSCI EMU ESG Leaders Select) are both Europe Equities funds - WDEP.L tracks the WisdomTree Europe Defence Index while CMU.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past year, WDEP.L returned -0.69% vs 29.56% for CMU.L. At a 0.27 correlation, their price movements are largely independent. WDEP.L charges 0.45%/yr vs 0.15%/yr for CMU.L.
Performance
WDEP.L vs. CMU.L - Performance Comparison
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Returns By Period
In the year-to-date period, WDEP.L achieves a 1.13% return, which is significantly lower than CMU.L's 15.89% return.
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMU.L
- 1D
- 0.33%
- 1M
- 8.13%
- YTD
- 15.89%
- 6M
- 17.12%
- 1Y
- 29.56%
- 3Y*
- 16.11%
- 5Y*
- 10.52%
- 10Y*
- 10.79%
WDEP.L vs. CMU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
CMU.L Amundi ETF MSCI EMU ESG Leaders Select | 15.89% | 16.25% |
Correlation
The correlation between WDEP.L and CMU.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.27 |
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Return for Risk
WDEP.L vs. CMU.L — Risk / Return Rank
WDEP.L
CMU.L
WDEP.L vs. CMU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) and Amundi ETF MSCI EMU ESG Leaders Select (CMU.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| WDEP.L | CMU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.37 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.58 | -2.61 |
| Martin ratioReturn relative to average drawdown | -0.08 | 9.67 | -9.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WDEP.L | CMU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 1.98 | -2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.49 | +0.10 |
Drawdowns
WDEP.L vs. CMU.L - Drawdown Comparison
The maximum WDEP.L drawdown since its inception was -19.56%, smaller than the maximum CMU.L drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for WDEP.L and CMU.L.
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Drawdown Indicators
| WDEP.L | CMU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -32.53% | +12.97% |
Max Drawdown (1Y)Largest decline over 1 year | -19.56% | -11.43% | -8.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.41% | — |
Current DrawdownCurrent decline from peak | -14.70% | -0.18% | -14.52% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -5.80% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.32% | 3.05% | +5.27% |
Volatility
WDEP.L vs. CMU.L - Volatility Comparison
WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a higher volatility of 10.28% compared to Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) at 5.34%. This indicates that WDEP.L's price experiences larger fluctuations and is considered to be riskier than CMU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDEP.L | CMU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.28% | 5.34% | +4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 22.06% | 12.44% | +9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.59% | 14.86% | +13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.09% | 16.00% | +14.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.09% | 16.78% | +13.31% |
WDEP.L vs. CMU.L - Expense Ratio Comparison
WDEP.L has a 0.45% expense ratio, which is higher than CMU.L's 0.15% expense ratio.
Dividends
WDEP.L vs. CMU.L - Dividend Comparison
Neither WDEP.L nor CMU.L has paid dividends to shareholders.
Frequently Asked Questions
WDEP.L and CMU.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMU.L is cheaper with a 0.15% expense ratio, compared with 0.45% for WDEP.L.
WDEP.L tracks WisdomTree Europe Defence Index, while CMU.L tracks MSCI EMU NR EUR. They also come from different issuers: WisdomTree and Amundi. Their fees differ too: 0.45% for WDEP.L and 0.15% for CMU.L.
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